Posted: Mon 10th Oct 2016

Proposed Fund To Boost City Centre Businesses

This article is old - Published: Monday, Oct 10th, 2016

Initiatives to help fill empty shops in High Street and Commercial Street are being considered by Councillor John Richards, Newport City Council’s Cabinet Member for Regeneration and Investment. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

These ideas will be backed up by a fund of £60,000 which has been set aside to stimulate economic growth and investment in Newport. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

Although the opening of Friars Walk has had a positive effect, there are a number of empty shops in other parts of the city centre that need to be brought into use. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

Overheads, such as rents and business rates, could be deterring smaller retailers. Unfortunately, the council has no control over the rents set by private landlords or the rates which are set by the Welsh Government. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

The proposals being put forward include: ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​

  • About £30,000 could be used to offer grants of up to £6,000 towards the costs of setting up a retail business in Commercial Street and High Street
  • In partnership with Newport Now, the council commissions a company to market some of the larger units, targeting multi-national companies
  • A planned pop-up business event aimed at giving advice and support to new entrepreneurs who could be given the opportunity for “test trading”
  • Establishing a Newport Business Awards event to celebrate the achievements of all businesses within the city.

Councillor Richards will make a decision on the proposals following consultation with all members. ‌​‌​‌​​​‍‌​‌​​‌‌‌‍‌​‌‌​​‌​‍‌​‌‌‌​‌‌‍‌​‌‌‌‌​​



Spotted something? Got a story? Email News@News.Wales



More from Newport Council

Senior Councillor in Newport Rejects Claims of City’s Roads Deteriorating

Newport Council

Former Newport Pub to be Converted into Four New Apartments, Despite Previous Refusal

Newport Council

New nursery to open at Newport primary school amid falling pupil numbers

Newport Council

Three Monmouthshire Villages to Have Local School for First Time

Newport Council

Newport Listed Building at Risk of Collapse and Vandalism, Council Warns

Newport Council

Urgent Maintenance Needed for Caerphilly’s Food and Garden Waste Collection Lorries

Newport Council

Latest from News.Wales

Bar in Merthyr Tydfil Seeks Extended Hours and Alcohol Sales License

Merthyr Tydfil County Borough Council

Investigation ongoing for Cardiff congestion charge, council reveals

Cardiff Council

Residents in Neath Cul-de-sac frustrated as recycling collections delayed

Neath Port Talbot Council

Powys Councillors Set to Approve £300 Million School Building Programme

Powys Council

New Food and Drink Establishment Approved in Shotton Despite Obesity Concerns

Flintshire Council

Improvement reported in air quality of Bridgend’s most polluted street

Bridgend Council